Two Divisions of the New York Department of Transportation Select MagneGas2(R) for Metal Cutting and Repairs
TAMPA, FL - 10/19/16 - MagneGas Corporation ("MagneGas" or the "Company") (NASDAQ: MNGA) a leading technology company that counts among its inventions a patented process that converts renewable and liquid waste into MagneGas2® fuel, announced today that two divisions of the New York City Department of Transportation have selected MagneGas2® for metal cutting and repairs. The fuel will be sourced by MagneGas New York Distributor AWISCO Corporation.
MagneGas and AWISCO partnered in a marketing effort aimed at expanding the use of MagneGas2® in the New York and New Jersey markets. MagneGas personnel demonstrated the fuels superior metal cutting benefits with assistance from the AWISCO sales team. The demonstrations and training occurred over a period of several days and resulted in many new customers including the NYC Department of Transportation.
"Our partnering efforts with the MagneGas sales team have always been very successful for us. MagneGas2® is an excellent door opener, and customers quickly see the value added benefits of switching to MagneGas2® which we believe is a hotter and cleaner alternative to what they are using now. The Department of Transportation is one example of our successful efforts," stated Victor Fuhrman, Vice-President of Sales and Marketing for AWISCO.
AWISCO is a leading supplier of industrial gas and welding supplies in the tri-state area of New York, Connecticut and New Jersey with an international expansion location in Florida. The Company is a full line supplier for the welding industry and has been in business for over 35 years.
About MagneGas Corporation
MagneGas® Corporation (MNGA) owns a patented process that converts various renewables and liquid wastes into MagneGas fuels. These fuels can be used as an alternative to natural gas or for metal cutting. The Company's testing has shown that its metal cutting fuel "MagneGas2®" is faster, cleaner and more productive than other alternatives on the market. It is also cost effective and safe to use with little changeover costs. The Company currently sells MagneGas2® into the metal working market as a replacement to acetylene.
The Company also sells equipment for the sterilization of bio-contaminated liquid waste for various industrial and agricultural markets. In addition, the Company is developing a variety of ancillary uses for MagneGas® fuels utilizing its high flame temperature for co- combustion of hydrocarbon fuels and other advanced applications. For more information on MagneGas®, please visit the Company's website at http://www.MagneGas.com.
The Company distributes MagneGas2® through Independent Distributors in the U.S and through its wholly owned distributor, ESSI (Equipment Sales and Services, Inc.). ESSI has four locations in Florida and distributes MagneGas2®, industrial gases and welding supplies. For more information on ESSI, please visit the company's website at http://www.weldingsupplytampa.com
For a discussion of these risks and uncertainties, please see our filings with the Securities and Exchange Commission. Our public filings with the SEC are available from commercial document retrieval services and at the website maintained by the SEC at http://www.sec.gov.